GAAP stands for Generally Accepted Accounting Principles. They are the standards and procedures companies commonly use to account for their finances and compile financial statements. Sometimes an ...

Generally Accepted Accounting Principles (GAAP) is a set of standards that ensures publicly traded U.S. companies report consistent financial information.

For GAAP Do You Have to Switch to Straight-Line Instead of Double-Declining?. Generally accepted accounting principles are standards that accountants use when preparing financial statements for ...

The current GAAP treatment for crypto asset may not reflect the true nature of the asset class, leading to somewhat misleading financials.

GASB released a study on utilization of GAAP among state and local governments and found all the states are using GAAP, but only about three-quarters of localities are.